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345 East 37th Street

Candor Capital Acquires Medical Office Condo In Murray Hill For $12M
SOLDMedical Office

Candor Capital Acquires Medical Office Condo In Murray Hill For $12M

345 East 37th Street

$12,000,000

Building Size

Asset Type

Medical Office

Closing

Aug 31, 2021

AI

A medical office condo located at 345 East 37th Street in Murray Hill has been sold for $12,000,000. The property, owned by 60 Guilders and represented by Kevin Chisholm and Bastien Broda, was purchased by Candor Capital, with Ben Meshel and Adam Ibrahim acting as their representatives in the deal. The sale was facilitated by Adelaide Polsinelli from Compass.

Summary of transaction details

  • Property Type: Medical Office Condo
  • Transaction Amount: $12,000,000
  • Address: 345 East 37th Street
  • Market: Murray Hill

Candor Capital, represented by Ben Meshel and Adam Ibrahim, acquired the medical office condo located at 345 East 37th Street in Murray Hill for a price of $12,000,000. The seller, 60 Guilders, was represented by Kevin Chisholm and Bastien Broda. Adelaide Polsinelli from Compass facilitated the transaction.

Players

Adelaide Polsinelli

Compass

Broker

$285M

vol

26 deals

Broker
Ben Meshel

Ben Meshel

Candor Capital

Buyer

$185.2M

vol

15 deals

Buyer
Kevin Chisholm

Kevin Chisholm

60 Guilders

Seller

$206.8M

vol

8 deals

Seller

New York Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.32%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93